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How can a chart prediction be spot on if there is 6 price...

  1. 64 Posts.
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    How can a chart prediction be spot on if there is 6 price targets?
    If you heard an investment analyst give 6 1-year price targets you would think he was an idiot.
    How is there any correlation between playing Paint on an investment chart and predicting material announcement that interests investors to buy.

    I can see how technical analysis computers could work if there were millions of dollars in coding work and were speculating in large caps with huge volumes, but trying to predict a stock price with lines in a small cap stock is the equivalent to guessing random peoples names on the street.

    Yeah, you'll get it right every now and again, but thats luck, not skill or expertise.

    Point, you can't give 6 price targets and think that the chart is accurate.
    See below for my point

    Screen Shot 2018-05-15 at 10.38.53 am.png
 
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